6 Excuses Not To Invest
1. I don’t have enough money.
Most accounts can be started for $500 or less. Use your tax return or start a saving account to save the money to start investing. Also see my post about getting started even if you make minimum wage.
2. It’s the wrong time.
The worst time to invest in the stock market is tomorrow. Tomorrow is too late. Today is always the best time. Your money can’t grow until you invest it.
3. Recession!
Remember the often used “Buy low and sell high.” Guess what a recession does to stocks; it pushes them down to the “low” point of the last statement.
4. It’s too complicated.
It can be. Depending on your investing goals and strategy. Of course, it can be so simple you can do it on your lunch break. Like me!
5. I don’t have enough time.
Like step 4, most investing can be done in under an hour. I do most, if not all of my investing homework at lunch.
6. I’ll lose ALL my money.
Diversify! Unless you have a string of bad luck and all the companies go out of business, you won’t loss all your money. Keep in mind one of the goals of investing is to persevere your capital. It’s ok to take a loss if it minimizes the damage one or two bad stocks can do to your portfolio. And remember, always have a loss limit.
Got other excuses you have heard and want to share, COMMENT!
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